Market Overview
Bali is the Land of Opportunity. After being hit by Covid-19, Bali discovered its profound ability to recover, recording 2,89 million international tourist arrivals from January to July 2023 or a 367% increase in the same period last year. Subsequently, foreign investment in Bali has recorded US$ 171,6 million during Q1 2023. These findings indicate Bali’s revival as the top tourism destination and potential emerging market in Southeast Asia.
However, there are often difficulties in entering new market for foreign entrepreneurs, most commonly language barriers, culture shock, and local regulation. To answer this situation, Trustworks Business Services is aiming to lower this barrier to entry. We offer business consulting and assistance for foreign entrepreneurs in Bali to form a company with a solid legal foundation, and support them with our end-to-end services, including the hiring process to tax reporting.